PEQIX Fees and Costs — Victory Pioneer Equity Income Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 1.00%: a 0.60% management fee, a 0.25% 12b-1 fee plus 0.16% other expenses, less a 0.01% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2025 the fund paid $430K in broker commissions, 0.0470% of average net assets, and portfolio turnover was 49%.
PEQIX Fees and Expenses
Annual operating expenses and sales charges of PEQIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.16% |
| Gross expense ratio | 1.01% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.00% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
PEQIX Costs Over Time
On $10,000 invested in PEQIX, assuming 5% a year before costs, total costs come to $1,351 over 5 years, cutting the return by 2.32% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.00%) | $99 | $309 | $535 |
| Trading costs (broker commissions) | $5 | $15 | $25 |
| Lost growth on money paid in costs | $29 | $107 | $215 |
| Total costs | $707 | $1,005 | $1,351 |
| Value after costs | $9,793 | $10,571 | $11,412 |
| Impact on return, per year | 7.07% | 3.13% | 2.32% |
PEQIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0470%
- Total broker commissions: $430K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 49%
- Securities lending: none during the year
PEQIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $85K | 27.61% |
| PIPER SANDLER & CO. | $53K | 17.40% |
| PERSHING LLC | $35K | 11.33% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $32K | 10.52% |
| EVERCORE GROUP L.L.C. | $20K | 6.56% |
| GOLDMAN SACHS & CO. LLC | $20K | 6.44% |
| Jefferies LLC | $19K | 6.13% |
| LEVEL MARKETS, LLC | $16K | 5.09% |
| WELLS FARGO SECURITIES, LLC | $14K | 4.67% |
| SG AMERICAS SECURITIES LLC | $13K | 4.24% |
Victory Pioneer Equity Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PEQKX | Class R6 | 0.68% | none |
| PYEQX | Class Y | 0.80% | none |
| PEQIX | Class A | 1.00% | 5.75% |
| PQIRX | Class R | 1.42% | none |
| PCEQX | Class C | 1.76% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.